Emerson Electric (EMR) Revenue — Quarter Ended Jun 30, 2023
Revenue increased compared to both the immediately preceding quarter and the same quarter one year earlier. The reported quarter included the completion of the sale of a majority stake in the Climate Technologies business.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q3
Revenue increased compared to both the immediately preceding quarter and the same quarter one year earlier. The reported quarter included the completion of the sale of a majority stake in the Climate Technologies business.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
+13.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$15B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $3.9B | -21.3% |
| Dec 31, 2022 | $3.4B | +6.9% |
| Mar 31, 2023 | $3.8B | +14.1% |
| Jun 30, 2023 | $3.9B | +13.9% |
Revenue performance
The reported revenue rose from the prior quarter and from the year-ago quarter. Trailing twelve-month revenue reached a level consistent with the reported quarter's figure.
Quarterly comparison
Sequentially, revenue improved from the preceding quarter, reversing a decline seen in the first quarter of the fiscal year. Year-over-year, revenue also increased, continuing the growth trend from the second quarter.
What to watch
The expected closing of the National Instruments acquisition in the first half of the next fiscal year may affect future revenue composition.